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Consol Energy’s 4Q15 Earnings Could Skid on Natural Gas Prices

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Jan. 27 2016, Updated 5:28 a.m. ET

Consol Energy’s 4Q15 earnings and revenue estimates

Consol Energy (CNX) is set to report its 4Q15 earnings on January 29, 2015. For 4Q15, Wall Street analysts expect CNX to report an adjusted fall of $0.09 per share. That would be lower by $0.34 per share when compared to a 4Q14 profit of $0.25 per share. When compared sequentially with 3Q15, CNX’s 4Q15 earnings expectations show a rise of $0.19 per share.

For 4Q15, Wall Street analysts expect CNX to report revenue of ~$719 million. That’s lower by ~20% when compared with 4Q14 revenue of ~$905 million. Even when compared sequentially with 3Q15, CNX’s 4Q15 revenue expectations are lower by ~6%. The much lower year-over-year revenue expectations for 4Q15 are the direct result of a steep fall in natural gas prices and coal prices.

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CNX’s earnings trend

As seen in above chart, CNX is reporting negative earnings in 2015 due to lower realized natural gas and coal prices. In 3Q15, excluding one-time items, CNX reported a fall of $0.28 per share. That would be $0.25 lower than the consensus for a fall of $0.03 per share. Its revenues fell ~13% year-over-year to ~$766 million. Since 1Q13, CNX beat the earnings expectations ~36% of the time.

Due to the steep downward trend in energy prices, the S&P 500 (SPY) upstream companies Southwestern Energy (SWN), EOG Resources (EOG), and Murphy Oil (MUR) are expected to report ~22%, ~49%, and ~55%, respectively, in year-over-year falls in their 4Q15 revenues.

CNX’s 2015 earnings and revenue estimates

For 2015, Wall Street analysts expect CNX to report an adjusted loss of $0.37 per share. That’s lower by $1.32 per share when compared with the 2014 profit of $0.95 per share.

For 2015, Wall Street analysts expect CNX to report revenue of ~$3 billion, or revenue lower by ~19% when compared ~$3.7 billion of revenue back in 2014.

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